CBOE Holdings, Inc. (NASDAQ: CBOE) reported that consolidated trading volume for options contracts on Chicago Board Options Exchange? (CBOE?) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE?) totaled 1.2 billion contracts in 2015, a decrease of 11 percent from the record 1.3 billion contracts in 2014.
Average daily volume (ADV) was 4.7 million contracts on the year, a decrease of 11 percent from the record 5.3 million contracts per day in 2014.
CBOE Trading Volume:
- Total trading volume at CBOE in 2015 was 1.0 billion contracts, down 13 percent from the record volume in 2014. ADV was 4.1 million contracts, down 13 percent from the record ADV set in 2014.
- In 2015, total volume in equity options was 370.1 million contracts, and ADV was 1.5 million contracts, both down 22 percent from 2014.
- In 2015, total volume in exchange traded product (ETP) options was 266.4 million contracts, and ADV was 1.1 million contracts, both down 14 percent from 2014.
- In the 2:00 a.m. to 8:15 a.m. CT extended trading hours (ETH) session, a total of nearly 640,000 SPX and VIX options contracts traded. CBOE introduced ETH for SPX and VIX options in March.
CBOE Volume Records:
- Trading in index options set new total volume and ADV records for a third consecutive year. Total volume in 2015 was 406.5 million contracts, and ADV was 1.6 million contracts, both up slightly from 2014.
- Total index options trading volume also set a single-day record on August 21 with 5.0 million contracts traded.
- Trading in SPX options set multiple volume records in 2015. For a third consecutive year, total annual volume and annual ADV reached new all-time highs of 236.5 million contracts and nearly 940,000 contracts, respectively. In addition, SPX options trading set new records for monthly ADV (1.3 million contracts in August) and single-day volume (2.9 million contracts on August 21).
- Trading in VIX options set records for monthly total volume and monthly ADV in August with 20.8 million contracts and more than 900,000 contracts, respectively.
CBOE Market Share: ??
- CBOE’s market share of total U.S. options industry volume for 2015 was 25.2 percent, a decrease of 2.8 percentage points from 2014.
- Market share in index options posted a 1.2 percentage point gain over the previous year, while equity and ETP options declined 3.4 and 3.5 percentage points, respectively, from 2014.
C2 Trading Volume
- Total trading volume at C2 for 2015 was 79.2 million contracts, down 3 percent from the record volume in 2014. ADV on the year was 314,393 contracts, down 3 percent from the record ADV set in 2014.
C2 Market Share
- C2’s market share of total U.S. options industry volume for 2015 was 1.9 percent, unchanged from 2014. Market share in equity options and index options grew 0.5 and 0.3 of a percentage point, respectively over 2014, while ETP options declined by 1.1 percentage points from 2014.
CBOE Futures Exchange (CFE) Trading Volume and Highlights
- Exchangewide trading volume and ADV at CFE set new annual records for a sixth consecutive year in 2015. Total exchangewide volume was 51.7 million contracts, up 2 percent from 2014, while ADV at CFE was 205,062 contracts, also up 2 percent from 2014.
- Trading volume in VIX futures also set new total volume and ADV records for a sixth straight year in 2015. The 51.6 million VIX futures total contracts traded in 2015 was an increase of 2 percent from 2014. ADV in VIX futures was 204,856 contracts, up 2 percent from 2014.
- In the first full year of nearly 24-hour trading, VIX futures posted volume of 4.6 million contracts, with an ADV of more than 18,000 contracts in extended (non-U.S.) trading hours, representing nearly 9 percent of total volume.